Phosphate Chemical Reagents Market - Global Industry Analysis, Forecast 2013 – 2019

Phosphate Chemical Reagents Market - Global Industry Analysis, Forecast 2013 – 2019

  • Submitted By: amyjames
  • Date Submitted: 07/11/2016 4:31 AM
  • Category: Business
  • Words: 822
  • Page: 4

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Phosphate is an inorganic salt of phosphoric acid usually derived by mining activity. Phosphates are used as fertilizers on a large
scale. In addition, they are also used in animal nutrition, detergents and food and beverages among others. Monocalcium
phosphates, dicalcium phosphates, and tricalcium phosphates are the three types of phosphates widely used as fertilizers and
can be water soluble or insoluble. One of the key drivers of this market is increasing usage of phosphate based fertilizers in
farming. Phosphates are irreplaceable in plant growth and nutrition, thus making it critical to the global food supply. Increasing
growth in population which results in high demand for food in countries such as India, China, Mexico, and Indonesia, is leading to
a growing market in these countries. Furthermore, changing household patterns in these countries has also resulted in an
increased demand for detergents. After fertilizers, detergents are another market segment that uses a large amount of
phosphates. This in turn drives the phosphate chemical reagent market in this region.
In developed countries such as the U.S. and Japan, phosphates have been banned by environmental agencies in the
manufacture of detergents. Manufacturers are looking at eco-friendly substitutes for phosphates. Thus, the use of phosphates in
this region is falling drastically,...

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